Baidu (NASDAQ 🙂 announced Thursday its first quarter results that exceeded analysts’ expectations and generated revenue above all expectations.

Baidu posted earnings per share (EPS) of 11.22 on revenues of 28.41B. Investing.com polled analysts and predicted an EPS of 5.04 based on revenues of 27.9 billion.

Baidu shares fell 19% over the first year. This is still a drop of 42.92% from its 52-week peak of 20904.04 on June 28, 2020. They outperform the Nasdaq by 26.91%, since its beginning.

This month, Baidu is following other top Communication Services industry earnings

Baidu’s earnings report comes after Yandex reported an earnings miss on April 28. Yandex had reported EPS at -26.08 for revenue of 106.01B. Forecasts were for EPS to be -2.41 for revenue of 95.55B.

Meta Platforms exceeded expectations in April 27, posting a 1.72 EPS on revenues of 27.91B. This compares to the 2.56 EPS forecast on revenues of 28.28B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar